The dollar is still weak this morning as the markets expect a full-scale stimulus programme from the new administration to combat the pandemic. Biden has said that tackling the pandemic is his first priority and has called on lawmakers to pass a bill before he takes office in January.
President Trump said yesterday that he will leave the White House if Joe Biden is formally confirmed as President. However, he also said that the race is “far from over”. Electors will meet on the 14th of December to formalise the result.
COVID-19 continues to spread rapidly in the US, with hospitalisations reaching a new high. There are worries that the Thanksgiving holiday could worsen the spread.
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